Business · 2 hours ago
US authorities examine Nvidia's $20 billion Groq deal for antitrust concerns
Federal investigators are looking into whether Nvidia's $20 billion licensing agreement with AI chip developer Groq was structured to avoid antitrust oversight. The deal, revealed in December, saw Nvidia gain licensing rights to Groq's technology, with Groq's CEO and COO moving to Nvidia. Congressional members have criticised the arrangement, calling it a de facto acquisition that harms competition in AI semiconductor markets.
Reported by blockonomi.com · How we write briefs